| 000 | 02344cam a22003017 4500 | ||
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| 001 | w0228 | ||
| 003 | NBER | ||
| 005 | 20211020115524.0 | ||
| 006 | m o d | ||
| 007 | cr cnu|||||||| | ||
| 008 | 210910s1978 mau fo 000 0 eng d | ||
| 100 | 1 |
_aHurd, Michael D. _913222 |
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| 245 | 1 | 0 |
_aEstimating the Family Labor Supply Functions Derived from the Stone-Geary Utility Function / _cMichael D. Hurd. |
| 260 |
_aCambridge, Mass. _bNational Bureau of Economic Research _c1978. |
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_a1 online resource: _billustrations (black and white); |
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| 490 | 1 |
_aNBER working paper series _vno. w0228 |
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| 500 | _a1978. | ||
| 520 | 3 | _aThe Stone-Geary utility function defined over an index of goods, the leisure of the husband, and the leisure of the wife is used to derive the earnings functions of the husband and the wife. The parameters of the utility function are estimated from the parameters of the earnings functions in a way that accounts for a number of theoretical and statistical problems. The effect of family composition on utility is estimated by specifying and estimating adult equivalents in consumption and leisure of various categories of children. On the statistical side the following difficulties are all considered: nonlinear constraints across equations, endogenous marginal income tax rates, variations in tastes in the population, heteroscedasticity, and truncation of the left-hand variable. The data come from the 1967 Survey of Economic Opportunity. The results are generally good and support the view that the effects of family composition on utility can be estimated from behavioral relationships. Alternative results that ignore the complicated statistical problems are presented; they imply that the statistical problems are empirically important and should not be ignored. | |
| 530 | _aHardcopy version available to institutional subscribers | ||
| 538 | _aSystem requirements: Adobe [Acrobat] Reader required for PDF files. | ||
| 538 | _aMode of access: World Wide Web. | ||
| 588 | 0 | _aPrint version record | |
| 710 | 2 | _aNational Bureau of Economic Research. | |
| 830 | 0 |
_aWorking Paper Series (National Bureau of Economic Research) _vno. w0228. |
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| 856 | 4 | 0 | _uhttps://www.nber.org/papers/w0228 |
| 856 |
_yAcceso en línea al DOI _uhttp://dx.doi.org/10.3386/w0228 |
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_2ddc _cW-PAPER |
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_c348385 _d306947 |
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